Cheap homes for sale & real estate in 87823, NM

6 homes

Sort:

Recommended

3D WALKTHROUGH

ABOUT THIS HOME
Cheap Home for sale in 87823, NM:
Unique opportunity for peaceful country living on a charming small farm in scenic Socorro County! The property features a single story, open floor plan with tiled floors throughout, a large spacious kitchen, large primary bedroom and cozy second bedroom plus a dedicated office space, 2 full baths, a two-car garage and a unique two-story atrium that fills the space with natural light and creates an open, airy feel in the heart of the home. Great opportunities for hosting guests and family in the separate studio apartment currently operating on Airbnb. Nature lovers will enjoy the proximity to the Bosque del Apache wildlife refuge. The property also features a 6-stall barn, a large cultivated

$425,000

3 beds3 baths3,860 sq ft

103 Midway Rd, Lemitar, NM 87823

Open floor plan • Country living • Tiled floors

ABOUT THIS HOME
Cheap Home for sale in 87823, NM:
Perfect mini-farm or home site with huge garden potential. Prior crops for many years. MRGCD ditch irrigation. May be community water available. Seller will finance with good down. Some partial trade items considered.

$49,900

— beds— baths— sq ft

Midway Rd./ditch, Lemitar, NM 87823

Mini farm • 3.59 acre lot • Listed 19 days

ABOUT THIS HOME
Cheap Home for sale in 87823, NM:
wide blue skies of Polvadera, NM, this incredible 320-acre property delivers peace, space, and endless potential. Surrounded by natural beauty and open views, it's the perfect place to build your dream home or private retreat. Only 40 minutes from Los Lunas and 20 minutes from Socorro, you'll enjoy both privacy and convenience. Large parcels like this are rare in such a desirable area. Whether you want to live off the land, start a ranch, or invest in a growing region, this property gives you room to make it happen. This is a true opportunity for those seeking land, freedom, and long-term value. Take action now--this one will not last.

$274,990

— beds— baths— sq ft

I-25 Frontage Rd, Polvadera, NM 87828

Open views • Large parcels • Growing region

ABOUT THIS HOME
Cheap Home for sale in 87823, NM:
FIFTY-SEVEN SERENE ACRES IN LEMITAR WAITING FOR YOUR VISION. Once a rich green chile farm across these 57.45 acres (11 combined parcels), you can imagine and almost smell a fresh crop growing under the warm New Mexico sun and clean valley air. Flexible acreage invites diversified crops, specialty organics, orchards, or a private ranch retreat. Annual Middle Rio Grande Conservancy District water banking arrangements have supported irrigation, offering a thoughtful path to sustainable future cultivation. Come explore it today and start planning your next chapter.

$280,000

— beds— baths— sq ft

Multiple Parcels Olive Ln, Lemitar, NM 87823

Flexible acreage • 57.45 acre lot • Listed 129 days

ABOUT THIS HOME
Cheap Home for sale in 87823, NM:
Are you ready to embrace the serene lifestyle of rural living? Introducing 2.7-acres nestled in the heart of the charming Polvadera farming community! This property is the perfect canvas for your future home or small farm, where the possibilities are as wide as the open skies. Key Features: - Space to Thrive: With 2.7 acres at your disposal, you'll have ample room for a beautiful home, gardens, or small livestock. - Farming Friendly: The property boasts existing corrals and ditch access to underground irrigation. Whether you're envisioning a peaceful retreat or a productive small farm, this land is waiting for you to bring your dreams to life. Buyer Verification: Please note that while the

$50,000

— beds— baths— sq ft

Valley Loop, Polvadera, NM 87828

2.7 acres • Existing corrals • Ditch access

Property at Polvadera Heights Rd Tract 22, Polvadera, NM 87828

$49,900

— beds— baths— sq ft

Polvadera Heights Rd Tract 22, Polvadera, NM 87828

Viewing page 1 of 1

End of results

Nearby homes that match your criteria

ABOUT THIS HOME
Cheap Home for sale in 87823, NM:
Established subdivision, close to schools, shopping, and Socorro's unforgettable restaurants. Wide open floor plan with tons of potential. Schedule your showing today!

$209,000

3 beds2 baths1,916 sq ft

630 Gianera Ave, Socorro, NM 87801

Close to schools • Close to restaurants • Close to shopping

ABOUT THIS HOME
Cheap Home for sale in 87823, NM:
A Corner-lot home featuring 4 bedrooms, 2 baths, and an oversized 24' x 30' detached garage with automatic openers--ideal for parking, storage, or workshop use. Large lot offers ample room for RV or additional vehicle parking, plus a dog-run area and an outdoor patio with wood-accent ceiling. Located near the University for added convenience. The Interior includes two living areas, one with a fireplace, and abundant natural light. The home features Southwestern-style accents throughout. The kitchen is equipped with Corian countertops, a gas stove, newer refrigerator, and a tiled backsplash. Adjacent dining area includes a butler's pantry and double French doors. The Property is landscaped f

$289,900

4 beds2 baths1,854 sq ft

915 Sunset St, Socorro, NM 87801

Two living areas • Outdoor patio • Corner lot

3D WALKTHROUGH

ABOUT THIS HOME
Cheap Home for sale in 87823, NM:
Great investment opportunity in Socorro! This home features a recently installed 30-year TPO roof, a 2019 furnace, and an enclosed, heated sunroom which is perfect for extra living space, hobbies, or a bonus workspace. Inside, you'll find updated laminate flooring in the kitchen and dining area, MasterCool evaporative cooling, and a functional layout. The property is currently tenant-occupied on a month-to-month lease offering immediate income with flexibility. Located just a 5-minute walk to NM Tech, this home is ideal for students, staff, or anyone looking for a solid rental investment in a prime location. Don't miss this opportunity!

$175,000

3 beds2 baths1,962 sq ft

718 Liles St, Socorro, NM 87801

6,970 sq ft lot • Garage • Built 1979

ABOUT THIS HOME
Cheap Home for sale in 87823, NM:
Beautiful Property just under 2 acres with income producing opportunity with an RV Park on site and an additional 650sf unfinished apartment! See this property TODAY!

$304,900

2 beds2 baths1,150 sq ft

1 S Alamillo Rd, San Acacia, NM 87831

1.81 acre lot • Built 2010 • Listed 14 days

ABOUT THIS HOME
Cheap Home for sale in 87823, NM:
Freshly Updated 3-Bedroom Home Steps from NM Tech - Move-In Ready in Desirable Socorro!A fantastic 3-bedroom, 1.5-bath gem that's been newly painted inside and out, offering a fresh, feel from the moment you step inside. This home is fully prepared to pass FHA appraisals, making it an excellent choice for first-time buyers or those seeking a hassle-free financing process. Enjoy the spacious layout with a large family room ideal for entertaining, a dedicated dining area for family meals, and a cozy living room perfect for unwinding after a day exploring Socorro's wonders. Located just one block from the prestigious New Mexico Institute of Mining and Technology (NM Tech), this property is per

$215,000

3 beds1.5 baths1,392 sq ft

707 Neel Ave, Socorro, NM 87801

Move-in ready • Large family room • Cozy living room

ABOUT THIS HOME
Cheap Home for sale in 87823, NM:
Discover the tranquil charm and affordability of rural New Mexico with this exceptional property at 16 Calle de Chamizal in Polvadera, a location offering unique, practical convenience: it sits directly across the street from the Post Office, making daily mail and package access effortless—a major advantage in a quiet, remote setting. Enjoy a significantly lower cost of living and housing (around 24% below the national average) while embracing a peaceful, small-town atmosphere ideal for retirees or families seeking stability. Beyond the affordability, residents benefit from quick access to the vast New Mexico open spaces for hiking, offroading, and camping, complemented by the state's

$75,000

1 bed1 bath1,200 sq ft

16 Calle De Chamizal, Polvadera, NM 87828

Polvadera community • 0.39 acre lot • 4 parking spots

Property at 1211 Avenida De Chamiso, Socorro, NM 87801, 3 beds, 2 baths

$270,000

3 beds2 baths1,849 sq ft

1211 Avenida De Chamiso, Socorro, NM 87801

Property at 514 Terry Ave, Socorro, NM 87801, 1 bed, 1 bath

$179,900

1 bed1 bath1,096 sq ft

514 Terry Ave, Socorro, NM 87801

Property at 604 Memory Ln, Socorro, NM 87801, 3 beds, 2 baths

$150,000

3 beds2 baths1,456 sq ft

604 Memory Ln, Socorro, NM 87801

Property at 518 Hannah Pl, Socorro, NM 87801, 3 beds, 1.5 baths

$125,000

3 beds1.5 baths1,288 sq ft

518 Hannah Pl, Socorro, NM 87801

Property at 408 Nicholas Ave, Socorro, NM 87801, 1 bed, 1 bath

$139,000

1 bed1 bath783 sq ft

408 Nicholas Ave, Socorro, NM 87801

Property at 701 Grant St, Socorro, NM 87801

$39,950

0 beds— baths1,118 sq ft

701 Grant St, Socorro, NM 87801

Property at 1019 Mary Pl, Socorro, NM 87801, 2 beds, 2 baths

$350,000

2 beds2 baths2,499 sq ft

1019 Mary Pl, Socorro, NM 87801

Property at 415 County Road 91, Lemitar, NM 87823, 3 beds, 2 baths

$279,900

3 beds2 baths2,250 sq ft

415 County Road 91, Lemitar, NM 87823

Property at 1209 Lewis Dr, Socorro, NM 87801, 4 beds, 2 baths

$239,900

4 beds2 baths1,586 sq ft

1209 Lewis Dr, Socorro, NM 87801

Property at 804 Franklin St, Socorro, NM 87801, 2 beds, 2 baths

$285,000

2 beds2 baths2,730 sq ft

804 Franklin St, Socorro, NM 87801

Property at 1216 Hilton Pl, Socorro, NM 87801, 4 beds, 2.5 baths

$449,000

4 beds2.5 baths2,329 sq ft

1216 Hilton Pl, Socorro, NM 87801

Property at 825 Giles Ln, Socorro, NM 87801, 3 beds, 2 baths

$199,000

3 beds2 baths1,696 sq ft

825 Giles Ln, Socorro, NM 87801

Property at 1009 Mineral Way #4, Socorro, NM 87801, 2 beds, 2 baths

$175,000

2 beds2 baths1,088 sq ft

1009 Mineral Way #4, Socorro, NM 87801

Property at 25 Brummett Ln, San Acacia, NM 87831, 2 beds, 1 bath

$185,000

2 beds1 bath808 sq ft

25 Brummett Ln, San Acacia, NM 87831

Cheap Homes for Sale in 87823

There are currently 6 cheap homes for sale in 87823 at a median listing price of $512K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in 87823 stay on the market for 259 days. This map is refreshed with the newest listings in 87823 every 15 minutes.

In the past month, 2 homes have been sold in 87823. Find your dream home in 87823 using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in 87823 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 87823. If you're looking to sell your home in the 87823 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 87823 with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

More real estate resources for 87823, NM

Nearby Zip Codes

Cities

Nearby Zip Codes with Cheap Homes

Nearby Cities with Cheap Homes

More to explore in 87823, NM

How to buy a house in 87823, NM

How much house can I afford?

How to buy a house in 10 steps

First-time homebuyer's guide

See more home buying guides

Popular Markets in New Mexico

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Why Redfin?

Community Impact

Diversity & Inclusion

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.